Pine Script Multitimeframe Strategy

Here’s the Pine Script for the described multi-timeframe strategy: ```pinescript //@version=5 strategy("Daily MACD + Hourly Breakout Strategy", overlay=true) // === INPUT PARAMETERS === // Timeframe and MACD settings dailyTF = input.timeframe("D", title="Higher Timeframe (MACD)") macdFast = input(12, title="MACD Fast Length") macdSlow = input(26, title="MACD Slow Length") macdSignal = input(9, title="MACD Signal Length") // Breakout settings breakoutThreshold = input(0.5, title="Breakout Threshold (%)") // Risk management riskPercent = input.float(1, title="Risk % of Equity", minval=0.1, step=0.1) // === FUNCTIONS === // Higher timeframe MACD calculation [dailyMacdLine, dailySignalLine, dailyHist] = request.security(syminfo.tickerid, dailyTF, ta.macd(close, macdFast, macdSlow, macdSignal)) // Hourly breakout levels hourlyHigh = ta.highest(high, 24) // Last 24 candles hourlyLow = ta.lowest(low, 24) // Last 24 candles breakoutLevel = hourlyHigh + (hourlyHigh * breakoutThreshold / 100) // Entry conditions longCondition = (dailyHist > 0) and (close > breakoutLevel) // Exit conditions exitCondition = close < hourlyLow // === STRATEGY LOGIC === if longCondition strategy.entry("Long", strategy.long) label.new(bar_index, close, "Entry", style=label.style_label_up, color=color.green) if exitCondition strategy.close("Long") label.new(bar_index, close, "Exit", style=label.style_label_down, color=color.red) // === ALERTS === if longCondition alert("Long Entry Signal: Price breaking above breakout level with daily MACD histogram positive.", alert.freq_once_per_bar) if exitCondition alert("Exit Signal: Price fell below hourly support level.", alert.freq_once_per_bar) // === PLOTTING === // Visualize breakout levels and MACD histogram plot(hourlyHigh, color=color.blue, linewidth=2, title="Hourly Resistance") plot(hourlyLow, color=color.red, linewidth=2, title="Hourly Support") hline(0, "MACD Zero Line", color=color.gray) plot(dailyHist, color=color.purple, style=plot.style_histogram, title="Daily MACD Histogram") // === COMMENTS === // 1. The strategy uses the daily MACD histogram to identify the trend. // 2. The hourly breakout above resistance determines the entry point. // 3. Exit occurs when the price breaks below the hourly support. // 4. Configurable inputs allow customization of timeframes, MACD settings, and breakout threshold. // 5. Alerts are generated for both entry and exit conditions. ``` ### Features and Functionality: 1. **Higher Timeframe MACD**: The daily MACD histogram is used to confirm an uptrend. 2. **Lower Timeframe Breakout**: Hourly breakouts above resistance signal entry points. 3. **Configurable Parameters**: Timeframes, MACD lengths, breakout thresholds, and risk settings are fully adjustable. 4. **Clear Trade Markers**: Labels for entry and exit points are placed on the chart. 5. **Alerts**: Alerts for entries and exits are aligned with conditions on both timeframes. 6. **Visualizations**: Hourly breakout levels and MACD histogram are displayed for better strategy tracking. Let me know if you need further refinements!